Global solar photovoltaic installers market to reach $651bn by 2030

The solar photovoltaic installers sector will grow by 15 % annually through 2030, driven by residential demand, public incentives and increasing integration into urban projects.

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The global solar photovoltaic (PV) installers market is expected to grow from $282.18bn in 2024 to $651.33bn by 2030, with a compound annual growth rate of 15 %. This increase reflects accelerating demand for solar solutions, particularly in the residential and commercial sectors.

Residential demand drives installer activity

The rise in rooftop solar installations in residential areas is a key factor. Homeowners, motivated by the desire to control their consumption and benefit from surplus buyback mechanisms, are increasingly relying on qualified installers. The proliferation of small-scale projects creates a steady flow of assignments for technicians, with shorter deployment timelines and more frequent neighbourhood interventions.

Community-based adoption and word-of-mouth further amplify this trend. The local presence of many installers enables easier market access and supports organic sector growth. Stability of orders in the residential segment offers valuable visibility for small businesses and specialised contractors.

Technological innovation changes the profile of installations

The growth of thin-film technologies is transforming installation practices, especially on buildings with non-standard surfaces. Lighter and more flexible, these materials expand installers’ reach into complex architectural structures. Their increasing adoption is pushing companies to train skilled personnel to meet new technical requirements.

Meanwhile, crystalline silicon remains the dominant choice, valued for its reliability and energy efficiency. Its compatibility with standard mounting systems simplifies construction execution and encourages process standardisation. Installers benefit from reduced intervention times and more predictable project planning.

Public policy and urbanisation accelerate the pace

Supportive regulations, combined with subsidies and tax incentives, play a central role in expanding the sector. Tax credits, feed-in tariffs and training programmes supported by public authorities broaden access to the installer profession and drive job creation.

The integration of photovoltaic systems in urban construction projects is also boosting demand. Public buildings, shopping centres and residential developments seek to comply with energy efficiency standards, generating high volumes of installation contracts. Urban areas, with stronger logistics and administrative infrastructure, allow installers to streamline operations.

Rising energy costs favour installations

The continued increase in electricity prices pushes households and businesses to seek more stable alternatives. Photovoltaic systems offer a cost-effective medium-term solution, supporting growth in the installers’ market.

Each new installation directly translates into an economic opportunity for sector players. The inflationary context enhances the competitiveness of solar energy and facilitates the emergence of new professional profiles specialising in installation, maintenance and after-sales services.

GreenYellow is expanding its presence in Poland with a €100mn ($106mn) investment plan to grow its photovoltaic capacity, develop energy storage, and deploy energy efficiency solutions for industrial and commercial businesses.
The UK government has authorised the construction of the Stonestreet Green Solar project, combining 150 MWp of solar capacity and 100 MW of battery storage, marking a major step for Korkia and Evolution Power’s infrastructure portfolio.
The Franco-Saudi consortium has won a 25-year contract to develop a 400 MW photovoltaic plant in the Hail region, as part of Saudi Arabia’s national renewable energy programme.
Marubeni Power Retail will supply Aeon with up to 200MW of solar power via an off-site PPA framework, with delivery set to begin this fiscal year and scale up progressively through 2028.
Clenergy has appointed Haydn Fletcher and Samir Jacob to strategic positions to strengthen its operations in Australia and internationally, amid targeted commercial expansion.
Abunayyan Holding and US-based Nextracker launch an industrial joint venture in Riyadh to locally produce large-scale solar equipment for Saudi Arabia and the MENA region.
ENGIE North America has signed new power purchase agreements with Meta for a 600 MW solar project in Texas, bringing their renewable energy partnership in the US to over 1.3 GW.
OPES Solar Mobility launches Europe's first factory for flexible vehicle solar panels in Zwenkau, targeting truck, bus and utility vehicle markets across several continents.
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Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.
Swift Solar has installed its perovskite solar panels on a military site for the first time, as part of a US Department of Defense exercise testing energy resilience for critical infrastructure.
Mitsubishi Logistics has signed a virtual power purchase agreement with JERA Cross for 8MW of solar power, marking a new step in its energy strategies with investment plans through 2030.
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Island Green Power opens a public consultation on design changes to its 500MW East Pye solar and battery storage project ahead of a permit application expected in early 2026.
US-based solar developer Ampliform secured a loan facility of up to $165mn to support large-scale energy projects in key regional markets, with a focus on the PJM grid.
More than 75 solar projects in the United States were tax-sheltered in Q2 through GameChange BOS transformers, responding directly to new U.S. Treasury requirements.
Chanel has signed a 20-year power purchase agreement with REDEN to supply nearly one-third of its electricity needs in France from two photovoltaic plants commissioned in 2025.
i Grid Solutions and Tokyu Land will develop an additional 200MW of on-site solar under power purchase agreements by 2029 through their joint venture TLC VPP, with an investment exceeding JPY20bn ($133mn).
US-based developer Janta Power secures funding to expand its vertical photovoltaic towers across data centres, airports, charging stations and critical infrastructure.
The global floating solar panel market could triple by 2030, supported by energy demand and favourable regulations, according to the latest double-digit annual growth forecasts.

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